WANdisco is to lay off around 30% of its staff, in the latest blow to the Sheffield-based firm.
Less than a week ago, an investigation into fraud at the listed tech company found $115m of false sales bookings were the actions of “one senior sales employee only.”
Today, it announced to the London Stock Exchange that it was undertaking a “reorganisation and review process that would, upon completion reduce the Company’s global headcount by approximately 30%.”
The firm employs around 160 people globally.
“The proposal to reduce the Company’s overall headcount was considered at great length. Regrettably, the proposed action is a necessary step to responsibly position WANdisco for long-term growth. We are working through the process as sensitively and supportively as we can, providing those directly impacted with as much information and support as possible and at all times in full compliance with local law,” stated Kenneth Lever, Executive Chairman of WANdisco plc.